SOURCE: Steadfast Holdings Group, Inc.

January 22, 2008 09:00 ET

Steadfast Holdings Announces Initial Deal Worth Up to $20,000

Company Continues to Expand Sales Streams Into More Lucrative Markets

WEST PALM BEACH, FL--(Marketwire - January 22, 2008) - Steadfast Holdings Group, Inc. (PINKSHEETS: STHG) announced an Agreement with New England Fire Equipment & Apparatus (NEFEA) to spray coat several fire trucks.

According to CEO John Calash, "We at Steadfast are excited about this announcement and expect it to generate approximately $20,000 annually. Based upon our success with other happy clients, we expect this to be the tip of the iceberg with NEFEA."

Mr. Calash continued by stating, "This further validates the flexibility and expanding applications of our proprietary spray coat lining. By finding additional markets for our flagship product we believe that our revenues will grow accordingly. Although our original target market was the automobile aftermarket industry, we have successfully added several profitable sales streams to our existing revenue base which has greatly benefited our bottom line. Based upon this success we have aggressively expanded our sales efforts into other industries and are looking forward to announcing more lucrative deals in coming days."

About New England Fire Equipment

New England Fire Equipment & Apparatus Corporation (NEFEA) is known throughout the New England area as today's premier supplier and service center for emergency apparatus. The Company sells and services several types of fire and rescue trucks, aerial ladders, platform aerials and pumpers, tankers and command vehicles. Since 1987, when the NEFEA delivered its first piece of apparatus, the Company has been proud to be a part of the fire/rescue industry by providing the finest apparatus available to get the job done safely and efficiently.

About Steadfast Holdings Group, Inc.

Steadfast Holdings distributes a variety of products to the automotive aftermarket. The core business is its spray on truck bed protection product which offers specially formulated polymers that permanently bond to the truck's bed. The Company's spray-on Polyurea is a remarkable technology with a range of uses limited only by one's imagination. They are utilized in commercial, industrial, agricultural, military and custom applications when this tough coating is used to protect everything from metals to concrete against chemicals, solvents, fuel, etc. The Company is a licensed dealer for the following aftermarket products: A.R.E. Truck Caps and Lids, Tool Boxes, Nerf Bars, Tube Steps, Running Boards, Rack Systems, Rail Caps, Tonneau Covers, Fender Flares, Grilles, Visors, Bug Shields, Roll-Up Covers, Side Rails, Mud Guards, Floor Mats, Lights, Trailer Hitches, Stainless Steel Accessories and Lift Kits. Steadfast also has distribution agreements with the several companies that manufacture light truck aftermarket products.

Safe Harbor

Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

Contact Information

  • Contact:
    Steadfast Holdings Group, Inc.
    Investor Relations
    561-820-2444